Changes in Hong Kong stocks | Jingwei Tiandi (02477) fell more than 6%. The company expected interim results to profit and loss in the telecommunications business during the period of profit and loss

The Zhitong Finance App learned that Jingwei Tiandi (02477) fell by more than 6%. As of press release, it had a decrease of 6.15% to HK$0.243, with a turnover of HK$659.656 million.

According to the news, recently, Jingwei Tiandi announced that the Group expects to obtain a net loss of no more than RMB 45 million for the six months ending June 30, 2026 (reporting period), while the net profit attributable to the owners of the Company will be approximately RMB 7.717 million for the same period in 2025.

The Group's anticipated net loss is mainly due to: loss in fair value of financial assets that account for profit and loss at fair value; due to market saturation, increased industry competition and rising operating costs, the Group's telecommunications business lost money during the period and profit in the same period of 2025; and the launch of the fintech business in the second half of last year and the launch of an artificial intelligence (AI) strategy upgrade during the reporting period to expand its business to the AI infrastructure computing power service sector. These new businesses increased employee welfare expenses and other operating expenses.